Wizz Air And airBaltic Might Not Survive The Winter, Says Ryanair CEO

Outspoken Ryanair Chief Executive Officer, Michael O’Leary, is calling that two European carriers could fold by the end of the winter, with the ongoing fuel crisis continuing to affect airline bottom lines. O’Leary has pointed the finger at Hungarian ultra-low-cost carrier Wizz Air and Latvian airline airBaltic, suggesting that the airlines could diminish cash reserves by the winter.